Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments and Fair Value Measurements (Tables)

v3.4.0.3
Financial Instruments and Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of fair value, assets and liabilities measured on recurring basis
The Company's assets and liabilities measured or disclosed at fair value were as follows:


Fair value measurements at March 31, 2016 using
 
(in millions)
Total

Quoted prices
in active
markets for
identical
assets
(Level 1)

Significant
other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

Current assets:




Cash equivalents
$
217

217



Short-term liabilities:




Net investment hedge
16


16


Long-term liabilities:




Debt (note 6)
5,390


5,390




Fair value measurements at December 31, 2015 using
 
(in millions)
Total

Quoted prices
in active
markets for
identical
assets
(Level 1)

Significant
other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

Current assets:




Cash equivalents
$
218

218



Net investment hedge
3


3


Long-term liabilities:








Debt (note 6)
5,189


5,189